AgriMarine's Tank Assembly Now Complete

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AgriMarine Holdings Inc. (TSX VENTURE:FSH)(FRANKFURT:A2G) (the "Company" or "AgriMarine"), a leader in floating closed containment technology and production for sustainable aquaculture, is pleased to report on progress at its fresh water closed containment fish rearing facility in Benxi, China.

The Company announces that the third of a series of commercial closed containment rearing tanks is now assembled and installed. The tank will now undergo commissioning to test its life support systems, including oxygen and waste recovery systems. The tank will then be stocked with Chinook salmon from Canadian ova, marking the first time that this type of Pacific salmon will be grown in closed containment in Chinese waters.

Native to the Pacific coast of North America, Chinook salmon are highly valued in the commercial and sport fishing industries and are prized in the restaurant trade for their large size and excellent table and sashimi qualities. "We selected Chinooks as the best salmon species to introduce to the Chinese market as they thrive in fresh water," said Sean Wilton, President of Benxi AgriMarine. "Our tanks give us a critical edge as we can regulate water temperature, shorten the rearing period and allow the fish to survive the warm water of summer and the freezing temperatures of winter, which would be impossible for net cage operators to replicate."

About AgriMarine Holdings Inc.

AgriMarine is in the business of producing fish sustainably in its proprietary closed containment systems in China for the rearing of trout, salmon and other finfish such as tuna in floating solid-wall closed containment systems that allows for control of the rearing water environment. AgriMarine's technology resolves many of the environmental issues created by present net cage rearing practices worldwide and permits the installation of fish production systems in close proximity to consumer markets.

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